Minneapolis-based Wealth Enhancement announced Tuesday that it acquired RIA The H Group and its affiliated practice, FocusPoint Solutions, which oversee more than $6.7 billion in combined client assets, in a transaction that boosts its client assets to more than $142.6 billion.
The transaction closed on Feb. 27, a Wealth Enhancement spokesperson told WSR on Wednesday.
Founded in 1990, H Group and FocusPoint are led by Chris Hicks, the Founder and Owner of both, and are headquartered in Portland, Oregon, with additional offices in the Pacific Northwest and Southwest.
“Chris Hicks will be joining us to help run the businesses,” the spokesperson said.
FocusPoint is being incorporated into Advisory Solutions Group, a newly formed RIA affiliated with Wealth Enhancement separate from its Wealth Enhancement Advisory Services RIA.
“Chris Hicks and his team have built trusted businesses that help advisors and clients find clarity and confidence in a complex world,” Jeff Dekko, CEO of Wealth Enhancement, said in a news release. “They are deeply committed to a strong fiduciary standard. We’re excited to be joining forces with such a talented team.”
“Coming off strong M&A momentum in 2025, we are thrilled to welcome Chris Hicks and his team as our first partnership of 2026,” Jim Cahn, Chief Strategy Officer of Wealth Enhancement, said in the release. “We look forward to the collaboration ahead.”
“As we began exploring our next chapter, we grew increasingly excited about what Wealth Enhancement is building,” Hicks said in the news release. “We feel confident they are the right forward-thinking partner and platform for us to grow and best serve our clients - both now and in the future.”
Houlihan Lokey served as the advisor in the transaction, according to Wealth Enhancement.
Wealth Enhancement closed 17 deals last year and the last deal it announced in 2025 was its December acquisition of Ascent Private Wealth, the spokesperson said.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
